PATRON-CAPITAL

Patron Appoints Matteo Busà to Lead €200-300m of Equity Investment in Italy

Patron Capital, the pan-European institutional investor focused on
property-backed investments, has appointed Matteo Busà as a Partner,
leading Patron’s investments in Italy.

Matteo joins from GIC, the Singapore Sovereign Wealth Fund, where he was
a Vice President. He spent 10 years with GIC in total, including eight
in London, where he originated and managed investment opportunities
across multiple countries and asset classes, working on both the debt
and equity sides of the capital structure.

Prior to GIC, Matteo spent four years working in real estate investment,
at Pirelli Real Estate and then JER Partners.

Matteo will be based in London, with a primary focus on determining and
implementing Patron’s investment strategy for Italy. With experience
across other markets and fund investment, Matteo will also support
origination in other European markets and be involved in future
fundraising activity.

Keith Breslauer, Managing Director of Patron Capital, said:“The
Italian market is very important to us and we intend to invest at least
€200-300m of our funds there. We have invested in Italy for the past 18
years and, given recent regulatory actions within the banking system, we
see significant future opportunities. Matteo brings with him new
relationships and new ideas that will position us well to take advantage
of Italy’s ongoing recovery.”

Matteo Busà said:“Patron has an exceptional reputation
in terms of its approach, the quality of its investments, the returns it
delivers and its company culture. Successful opportunistic investing
requires creativity and a range of on-the-ground contacts and I’m
looking forward to working with the team to take advantage of the
opportunities the Italian market brings, while also supporting the
company’s activity in other markets across Europe.”

Since it was established in 1999, Patron has invested in over 75
investments and programs involving over 65 million square feet (6
million square metres) in 16 countries, with many of these investments
realised.

Investors represent a variety of sovereign wealth funds, prominent
universities, major institutions, private foundations, and high net
worth individuals located throughout North America, Europe, Asia and the
Middle East. The main investment adviser to the Funds is Patron Capital
Advisers LLP, which is based in London, and Patron has other offices
across Europe including Barcelona, Milan and Luxembourg; the group is
comprised of 76 people, including a 42-person investment team.